Banks flock to IIM-A

Placement for the summer internship has finally concluded at Indian Institute of Management Ahmedabad (IIM- A) on its fourth day. The institute has claimed that all the students who had participated in the process have been received placements.

Summer internships are a mandatory requirement of the management course at IIM and students picked up by these companies will spend 8- 10 weeks in these companies in the months of April- May next year.

Students who will be placed in the participating companies across various sectors during this process will get a chance to put to practice whatever is learnt in the class, and experience business management first hand in their preferred domain.

The initial phase of the placement was dominated by the investment banks and consulting firms. In fact, organisations such as Goldman Sachs, Morgan Stanley and Barclays had as many as five acceptances on the day zero itself. Royal Bank of Scotland too, picked up 10 interns for its operations in Hong Kong, Singapore, New Delhi and London.

Other investment banks, which participated in the process, included JP Morgan, Nomura, HSBC, Deutsche Bank and Citigroup.

The placement process also saw a number of media companies lining up to pick up interns from IIM- A. Apart from two reputed domestic media houses, global media giant Walt Disney too, picked up interns from IIM- A, for the first time.

Eight students were picked up for internship by software giant Microsoft Corporation as well. Microsoft had picked up students from IIM- A for internship last year, too.

Companies from the pharma and realty sector, participated in the process as well.

While Astra Zeneca, Johnson & Johnson and GSK Pharma were some of the firms from the healthcare and pharmaceutical sector firms that recruited at IIM- A this year, Oberoi Construction and Ramky Infrastructure were two real estate sector companies, which chose to recruit at IIM- A for the very first time this year.

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